China May Allow Nvidia Chip Buys
Beijing is reportedly weighing permission for domestic tech giants ByteDance and Alibaba to acquire Nvidia professional workstation processors. The potential approvals aim to bypass certain export restrictions.
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China signaled it could allow domestic firms like ALIBABA GROUP HOLDING LTD and ByteDance to buy specialized hardware from NVIDIA CORP under a shift reported on Sunday. The Ministry of Industry and Information Technology recently surveyed major technology firms regarding their purchasing plans for the hardware. The prospective approvals mark a potential recalibration of technology controls between Beijing and Washington.
